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Answered 2011-09-12 14:07:47

If the lender has a judgment for the balance due, yes.

AnswerNo not if they haven't sent you something at some point letting you know what the balance due is and how they arrived at it.
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How can I get my repossessed truck back in Indiana?

The only way to get a repossessed truck back in the state of Indiana is to pay the balance owed. Sometimes, you can contact the lender and make arrangements to get the truck back without paying the whole amount.

Can you get a car back after it has been reposessed?

Yes until it has been sold by the lender, contact the lender and pay the bill

How do you get a car back from repossession?

It is sooo SIMPLE, you CONTACT the LENDER for further instructions.

Can a lender make you pay the balance owed on the car if you voluntary give it back?

It would depend on the contract you had

How you do get your car back after being repossessed?

You need to contact your lender to see if they will work with you on getting caught up on your back payments. Some state laws allow the lender to require you to pay the vehicle off in full and some state laws require the lender to return the vehicle to you if you can catch up on the amount you are behind. You need to check your state law and contact your lender.

What can be done to get a repossessed car back?

What MUST be done is CONTACT the LENDER who repoed it. They determine who, what, when and HOW MUCH.

What can you do after your car gets reposses?

It depends on what you want to do...If you want to get your car back, contact your lender and see what they want...

How do you sign a property back over to a mortgage company?

You need to contact an attorney if you can afford it. She could negotiate for you. Otherwise you need to contact your lender and discuss your situation.

If car title does not list lien holder can they repossess car?

Technically, no. The lien must be perfected, that is the security interest must be recorded with the state DMV. It is rather common that this does not occur, and several things can happen. To avoid the worst: First, contact the DMV and get a copy of the clear title. Next, contact the lender and notify them that they have wrongfully repossessed your vehicle. Demand it's immediate return. Contact the repossession company as well and notify them of this. Finally, and quickly, once you receive your vehicle back, pay the past due balance and the outstanding balance if possible, as quickly as possible. Failing to do this all quickly will give the lender time to perfect the lien, and your car will be lost. At minimum, you will be at the mercy of the lender again.

What happens when you voluntarily give back a car?

Bad things, among which is ruined credit for 7 years, payment of the balance left on the note after the bank sells your car. Not good things. Don't do it. Call the lender and work something out.

Can you get your vehicle back after reposssession?

Yes, usually. As long as you can pay the past due balance plus repo fee & storage fees. However, the lender can demand the ENTIRE balance if they want to. (They generally dont)

When a derogatory account falls off your report after seven years does your score go up and is there a way that same account can pop back up again?

Yes your score goes up. The account is not supposed to show back up; however it's possible. The best thing to do is contact the creditor or lender to resolve the error on their systems. Then contact the bureaus and challenge the item. They will contact the creditor or lender and you'll be all set. Best thing, don't expect anything - check the reports every 6 months.

How do you cancel a student loan when you have already started school?

You pay the money back. If it is still in process, contact the lender and cancel the application.

If your loan is current and you turn the vehicle back in to the lender can it still be reported as a repo?

YES! A repo is a repo. If you turn the vehicle in to the lender and stop making payments this is called a voluntary repossession. The lender will sell the car and you will be responsible for the difference in what the car sells for and the balance on the loan. It will be reported to all 3 credit bureaus as a default on a loan, and your credit will be ruined for 7 years. You would however save to repo fees such as towing. Do not do this. Call the lender and work something out if possible.

Once the bank sells the car you are responsible for the balance due can the bank put a lien on your home if you don't pay that back?

ONLY after getting a judgment for the balance due can the lender persue any other legal options.

What the procedure for getting your car back after being repossessed?

Contact the lender who repossessed the car. You will have to make up all back payments and pay all fees associated with the actual repossession.

If the creditor tells you that you would have a zero balance if you give the car back how will this look on your credit when purchasing another car?

It will look MUCH better IF you can get the lender to put the"ZERO BALANCE" part IN WRITING before you give up the car.

What if you are three weeks late on a car payment?

Personally, I would contact the lender and describe the circumstances and either pay the back amount or make arrangements with them.

How can a lender judge your capacity?

can a lender back out of a house loan if everthing on the borrower is right

Can you get sued if you gave a car back and they say you still owe 5000?

Yes, the lender is required to sell the vehicle at public auction for a fair market value. Any discrepancy between the sale price and the balance of the loan is the responsibility of the borrower/buyer. A lender can file suit against the borrower for the remaining loan balance plus applicable fees.

Can i get get the name back on my property from an investor that bought my property with a subject to the mortgage and they have stopped making the payments i have tried to contact them but can't.?

You cannot "get your name back on the property" unless the investor conveys the property back to you by deed. If you did not notify your bank of the transfer you should contact an attorney to determine your exposure and negotiate for you with the lender.

If your car was repossessed today but you are willing to pay off the remaining balance do you have a good chance of getting the car back?

Call the lender first thing in the morning and make the arrangments to payoff.

How long can someone pursue a debt?

Under the statuate of limitations, if there is NO contact between a debtor and a lender for 6 years, then the debt becomes statuate barred. The debt still stands, however the lender can no longer take you to court to get the money back. This severely limits their options, and effectively means that if you refuse to pay then there is nothing they can do to get their money back. They can still continue to call you or send you letters, but cannot take you to court and get a judge to order you to pay. After 6 years, the debt also drops off your credit file.

When people take out a mortgage they must pay back the money?

Yes. The money must be paid back to the lender. If not paid back then lender can take possession of the real estate and sell it.

Can you get your vehicle back after repossession?

The first step is to contact your lender. They will have those answers. It usually involves making up past payments, and paying the repossession fee, and perhaps storage.